By Commodity News Service Canada
Winnipeg, August 3 (CNS Canada) – The Canadian dollar rose
slightly against its U.S. counterpart Friday morning.
The loonie took strength from domestic trade deficit data.
Canada posted its lowest deficit since January 2017.
As well, the country’s monetary reserves jumped C$52 million
in July compared to the month before.
Gains in gold, silver and natural gas were bullish for the
Canadian currency.
At 8:55 CDT Friday morning the Canadian dollar was at US$0.7692
or C$1.3005, which compares with Thursday’s North American close of
US$0.7684 or C$1.3014.
At 8:55 CDT Friday morning, the TSX was up 32.39 points, or
0.20%, at 16,409.16.
